NOT LISTED FOR SALE
4 Beds
4 Baths
2,272 Sq Ft
7,928 Sq Ft Lot

Last Sold January 14, 2022

Last sale price $410,000 $180 Per Sq Ft

3 Days on Market

Highlights

  • Corner Lot
  • Central Heating and Cooling System
  • Bike Trail
  • Laundry Room

About This Home

As of January 2022

Fantastic opportunity to purchase a rental income property in North Merced! This Duplex has been well maintained and has two long term tenants.
Each unit is a little over 1,100 sq.ft. and both have 500 sq.ft. attached garages. Both units feature indoor fireplaces, natural lighting via skylights, enclosed yards, 2 bed/2 bath, open floor plans and much more. This Duplex is situated at the end of a quiet street on a corner lot and offers excellent privacy. You have to take a tour to fully appreciate the potential being offered!

Last Agent to Sell the Property

Ryan Searcy

CB Commercial, Select Real Estate License #02044301 Listed on: 11/29/2021

CB Commercial, Select Real Estate

Co-Listed By

Dan Gallagher

CB Commercial, Select Real Estate License #01819755

Last Buyer's Agent

Jeffrey Lee

Movoto, Inc License #01303684

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1987

Lot Details

  • 7,928 Sq Ft Lot
  • 1 Common Wall
  • Corner Lot
  • Irregular Lot
  • Density is 2-5 Units/Acre

Parking

  • 2 Car Garage
  • Carport
  • Parking Available
  • Front Facing Garage

Home Design

  • 2,272 Sq Ft Home
  • Property Attached

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Additional Features

  • Laundry Room
  • Exterior Lighting
  • Urban Location
  • Central Heating and Cooling System

Listing and Financial Details

  • Tenant pays for cable TV, electricity, insurance
  • Tax Lot 10
  • Assessor Parcel Number 007081073000
  • $438 per year additional tax assessments

Community Details

Overview

  • 2 Units

Recreation

  • Bike Trail

Building Details

  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $750
  • Operating Expense $750
  • Gross Income $23,400
  • Net Operating Income $21,060

Property Details

Home Type

Multi-Family

Year Built

Built in 1987

Lot Details

0

Parking

2

Listing Details

  • Property Attached: Yes
  • Zoning: R-2
  • Property Type: Residential Income
  • Parcel Number: 007081073000
  • Year Built: 1987
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Common Walls: 1 Common Wall
  • Levels: One
  • Price Per Square Foot: 180.46

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Parking: Yes
  • Parking Features: Carport, Garage Faces Front
  • Total Parking Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Inside
  • Sewer: Public Sewer
  • Water Source: Public
  • Cooling: Central Air
  • Cooling: Yes

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Biking, Curbs, Sidewalks, Storm Drains, Street Lights, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre, Corner Lot, Irregular Lot
  • Lot Size Sq Ft: 7928.00
  • Lot Size Acres: 0.1820
  • Latitude Manual: 37.31660400

Rental Info

  • Tenant Pays: Cable TV, Electricity, Insurance

Multi Family

  • Gross Income: 23400.00
  • Gross Scheduled Income: 23400.00
  • Insurance Expense: 750.00
  • Lot Size Area: 7928.0000 Square Feet
  • Net Operating Income: 21060.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Total: 2
  • Operating Expense: 2340.00
  • Rent Control: No
  • Total Expenses: 750.00

Tax Info

  • Tax Census Tract: 12.00
  • Tax Lot: 10
  • TaxOtherAnnualAssessmentAmount: 438.00
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
01/14/2022 01/14/22 Sold $410,000 +6.4% $180 / Sq Ft
12/02/2021 12/02/21 Pending -- -- --
11/29/2021 11/29/21 For Sale $385,500 -- $170 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $4,638 $436,414 $90,202 $346,212
2024 $4,638 $427,764 $88,434 $339,330
2023 $4,575 $419,400 $86,700 $332,700
2022 $4,371 $397,775 $104,873 $292,902
2021 $3,652 $325,550 $80,000 $245,550
2020 $3,493 $305,500 $80,000 $225,500
2019 $3,454 $300,500 $45,000 $255,500
2018 $2,273 $210,500 $40,000 $170,500
2017 $2,291 $200,500 $40,000 $160,500
2016 $2,300 $200,500 $40,000 $160,500
2015 $2,232 $194,500 $40,000 $154,500
2014 $2,182 $190,500 $30,000 $160,500
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: MC21253577

California Regional Multiple Listing Service (CRMLS)

APN: 007-081-073